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Putting a Price on Carbon Fact Sheet by KAIROS

Why Put a Price on Carbon Emissions?

The purpose of putting a price on carbon emissions is to discourage the use of fossil fuels – coal, oil and natural gas – whose combustion causes climate change. Pricing carbon makes fossil fuels more expensive and encourages energy conservation, investment in low-carbon technologies and the use of renewable forms of energy that do not emit greenhouse gases (GHGs).